Advertisement Victoriaâs building industry took a $370 million hit last year as the COVID-19 crisis locked international students out of Australia, causing cash-strapped universities to stop building, and apartment projects to stall.
The Property Council of Australia said the knock-on effects from the absence of overseas students had cost the stateâs economy more than $1 billion and kept 13,000 Victorians out of work.
Raymond Mah of DKO Architects says the student accommodation building business has dried up.
Credit:Jason South
The Master Builders Association of Victoria has added its voice to calls from business, the education sector and local government for the state and Commonwealth to find a way to get Victoriaâs $13 billion international education trade moving again, saying its absence is hurting the economy.
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